Why Doesn't the Automatically Generated Budget Update More Quickly?
It has always been the case that the automatically generated budget revises itself very slowly. For instance, my rent has been $900 per month for almost a year, now, but the automatically generated budget still places $850 on that line at the beginning of each month. Why is this?
Best Answers
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If by "on that line at the beginning of each month" you are talking about the Budgeted Amount for every month …
This amount does not adjust itself based on recent actual transactions.
You need to, for example, set the January Budget Amount to $900 and then, using the gear icon on the Rent paid transaction line, select "Apply Jan budget forward to the end of 2025".1 -
This seems like the answer. I just ASSUMED that Quicken generated and revised the budget, because one already existed the first time I looked at the "Full Budget" page. I have been making my own budget on a separate tab, each month, not realizing that I could more or less permanently save amounts on the 2024 Budget tab. I got tired of entering all the correct amounts, each month, only to see them revert to the wrong amounts on the first of each month.
Anyway, I'm glad I asked, and thank you very much for your help. I will try your solution out for the next few months.
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Answers
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Hello @AM,
Thank you for taking the time to tell us about this issue!
To better assist you, could you please provide the following details?
- Where is your Quicken data file stored? Is it on your local hard drive (C: Drive) or a cloud-based/external drive (e.g.: OneDrive, DropBox, USB, etc.)?
- Have you attempted any troubleshooting steps so far? If so, what were they?
- When did this issue first start occurring?
- Were there any significant changes to your system or software before the issue began (updates, new installations, etc.)?
- Is this only occurring with this particular rent transaction, or are there others as well?
Your answers will help us diagnose the issue more effectively.
Looking forward to your response!
-Quicken Anja
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If by "on that line at the beginning of each month" you are talking about the Budgeted Amount for every month …
This amount does not adjust itself based on recent actual transactions.
You need to, for example, set the January Budget Amount to $900 and then, using the gear icon on the Rent paid transaction line, select "Apply Jan budget forward to the end of 2025".1 -
From what we have been told is that it looks back at the last 12 months to decide what to assign to the category/month/budget amount, but past that they have never pinned down how it really works. And I can say that I don't think it does a reasonable job on anything that isn't a fixed amount for the whole period of time.
I just created a new budget and let it generate the categories and the budget amounts.
Here is what it shows for the budget amounts for "Auto:Charging" (which is amounts for DC charging away from home).
Here is a report for this category for the last 12 months:
How you get from the report data to that budget I have no idea.
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This seems like the answer. I just ASSUMED that Quicken generated and revised the budget, because one already existed the first time I looked at the "Full Budget" page. I have been making my own budget on a separate tab, each month, not realizing that I could more or less permanently save amounts on the 2024 Budget tab. I got tired of entering all the correct amounts, each month, only to see them revert to the wrong amounts on the first of each month.
Anyway, I'm glad I asked, and thank you very much for your help. I will try your solution out for the next few months.
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@AM if the budget is changing on its own, that is a bug. It has been reported on this forum a few times and is usually associated with the fact that the person is using "Sync to Mobile/Web" which also syncs the budget.
As far as I know no one has pinned down the exact cause, only that it "might be" Sync to Mobile/Web.
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This is my website: http://www.quicknperlwiz.com/0
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